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also remember the exit polling from the elections that shows people are fine with taxes going up on the top 2%. this is part of why the deal from john boehner was a non starter. he said how about deduction caps so you have lots of taxes. is he in trouble with his right wing? >> yes, he is. they have purged the scam. you said it. spending cuts. they are talking about $350 billion. what matters here is the numbers. we can't afford this. we have $16 trillion in debt. we have $87 trillion in unfunded highbilities those are promises that are made that we have to keep. >> guys, this is part of what is interesting about this conversation. when you hear the speaker talking about the loop holes that is the same rhetoric that we heard from mit romney. >> they are using the stuff that is done in the budget control last year. >> those are terrible talking points. >> let me say this point. >> hang on a second. i want to go to guy benson on another point. there is a lot of talk that the republicans might have a doom's day scenario. if there is a budget stalemate, then the republicans will allow a vot
also remember the exit polling from the elections that shows people are fine with taxes going up on the top 2%. this is part of why the deal from john boehner was a non starter. he said how about deduction caps so you have lots of taxes. is he in trouble with his right wing? >> yes, he is. they have purged the scam. you said it. spending cuts. they are talking about $350 billion. what matters here is the numbers. we can't afford this. we have $16 trillion in debt. we have $87 trillion in...
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he didn't win the election. he certainly did have a plan. >> it is not one that romney backed really. stuart: that's true. i do see a little drift here, a little drift here. at least you're prepared to admit that the president should put forward a reform plan. so let's move on to the issue of tax rates. >> okay. stuart: do you think the president is right to absolutely insist on tax rate increases? he won't tolerate reductions in deductions. he won't do that. no, it must be tax rates. will you defend that? >> well, i think he has the upper hand in the sense that seen, americans say they support raising taxes on the wealthy, so i think he feels that he has a mandate on that issue. look, i feel if the republicans are willing to make up that revenue another way, he should be open to that. i don't think it has to come from raising taxes. it could come -- stuart: the republicans have put forward a plan to raise 800 billion dollars over ten years. >> right. stuart: that's not by raising rates. that's by restricting de
he didn't win the election. he certainly did have a plan. >> it is not one that romney backed really. stuart: that's true. i do see a little drift here, a little drift here. at least you're prepared to admit that the president should put forward a reform plan. so let's move on to the issue of tax rates. >> okay. stuart: do you think the president is right to absolutely insist on tax rate increases? he won't tolerate reductions in deductions. he won't do that. no, it must be tax...
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Dec 8, 2012
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and i think that they're certainly trying to leverage off of that since the election. >> well, they-- that was one of many, many, many factors. >> absolutely. >> and after the election and the fact is, as we all agree, the private sector union is a dying animal and that they only can survive if they can thoroughly control the public sector and this is just another example of their slow, painful death. >> on that upbeat note. i want you to look at this. the parent company of red lobster, filing a fight for the president's health care law, not because of the actual law, because it criticized the law. the gang from forbes is going to explain the top of the hour, up next, did any of you see this? >> oh! oh! >> apparently these guys just found out that they could get fined for eating while driving. is nothing sacred? having you ship my gifts couldn't be easier. well, having a ton of locations doesn't hurt. and a santa to boot! [ chuckles ] right, baby. oh, sir. that is a customer. oh...sorry about that. [ male announcer ] break from the holiday stress. fedex office. > >> coming down and p
and i think that they're certainly trying to leverage off of that since the election. >> well, they-- that was one of many, many, many factors. >> absolutely. >> and after the election and the fact is, as we all agree, the private sector union is a dying animal and that they only can survive if they can thoroughly control the public sector and this is just another example of their slow, painful death. >> on that upbeat note. i want you to look at this. the parent company...
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Dec 10, 2012
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after the election, the risk that the market basically these two portfolios are traching each other are perfect mirror images here. they were betting at this point we were going to go over the cliff. in other words the -- over the cliff portfolio was the outperformer until today. they have crossed. so now it's gone lower. we hit the cliff and avoid it is going higher at this point. two things to watch for this week. we got all that treasury paper coming to market here. the yield has moved higher. but we'll see what happens there. then the other thing is natural gas at a two-month low and moving lower because of all the warm weather in the markets now. nat gas subpoena in fact we come off this low here. with the market up 20 points here, what do you make of this -- of our model portfolio fiscal cliff portfolios? >> i was very surprised that it crossed today. i mean, with very little activity, very little movement on pretty much any stock that it crossed today. i was surprised with that. i'm becoming a little more convinced that we're not going to have any resolution at all. i thought the
after the election, the risk that the market basically these two portfolios are traching each other are perfect mirror images here. they were betting at this point we were going to go over the cliff. in other words the -- over the cliff portfolio was the outperformer until today. they have crossed. so now it's gone lower. we hit the cliff and avoid it is going higher at this point. two things to watch for this week. we got all that treasury paper coming to market here. the yield has moved...
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the president won re-election. this was not something that -- may have hurt the economy and something republicans blamed for. look at the numbers. terrible. not just only as a party but particularly in congress right now. you know, this is not -- this is not a long-term winning game i don't think for republicans to hold up every agreement claiming leverage where they don't have it. i think they need to find in order to do better areas they have got more public support than they seem to have on the issues. 60% according to a new politi politico/george washington university poll believes the top should have an increase in taxes. fighting the public and appear to be ideological doesn't seem to work. certainly didn't in terms of knocking president obama off. >> one thing that also didn't work in 2011 was the president ab do kating the role to nancy pelosi and harry reid. this time around, maybe because he feels he has the mandate, he's doing the negotiations straight on with boehner which i think leads to a better resu
the president won re-election. this was not something that -- may have hurt the economy and something republicans blamed for. look at the numbers. terrible. not just only as a party but particularly in congress right now. you know, this is not -- this is not a long-term winning game i don't think for republicans to hold up every agreement claiming leverage where they don't have it. i think they need to find in order to do better areas they have got more public support than they seem to have on...
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the speaker characterizing this as a status quo election. that's not the way the white house sees it. the white house sees it as an election they won and they picked up seats in the congress. the speaker here reminding the president, hey, you know what, we control the house of representatives. he goes on to characterize the president's proffer from last week. boehner saying, we cannot in good conscience agree to this approach which is neither balanced nor realistic. they talk about possibly raising some entitlement reform proposals with the president. but then the speaker and his co-signers here have this sentence, mindful of the status quo election and questions on entitlement reform we recognize it would be counterproductive to privately or publicly propose entitlement reforms you or the leader of your party are unwilling to changed in near term. boehner is laying out a revision going back to the simpson/bowles plan in some way, shape or form and that's the gist of this offer from the speaker to the president. we're diving into it in real
the speaker characterizing this as a status quo election. that's not the way the white house sees it. the white house sees it as an election they won and they picked up seats in the congress. the speaker here reminding the president, hey, you know what, we control the house of representatives. he goes on to characterize the president's proffer from last week. boehner saying, we cannot in good conscience agree to this approach which is neither balanced nor realistic. they talk about possibly...
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doing precisely that. >> got through the election on social issues. on the economy, i think it's pretty clear that nobody voted for four more years of the current economy. four more years to get his house in order and he's not going to get his house in order using the red herring of taxes when it's entitlemen entitlements. it just isn't going to work, simon. >> i get it. i'm just pointing out -- >> you know what, let's take jobless claims. >> i get it. >> over the last three days, jobless claims to sustain that renewal again which i think is a bad idea, that's 30 to $35 billion a year. i heard many democrats say that's a small amount, why shouldn't we do that? that's about halfway to the total amount they're talking about taxes. but whent's that, it's small. but when it's the 70 to $80 billion am toortized over ten years, all of a sudden it's big. i'm not saying don't raise taxes. if i signed the pledge, i would do it for good reasons. i haven't seen a good reason. i haven't seen a plan that promotes the big guy in the room. >> see you in the next hou
doing precisely that. >> got through the election on social issues. on the economy, i think it's pretty clear that nobody voted for four more years of the current economy. four more years to get his house in order and he's not going to get his house in order using the red herring of taxes when it's entitlemen entitlements. it just isn't going to work, simon. >> i get it. i'm just pointing out -- >> you know what, let's take jobless claims. >> i get it. >> over the...
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this was a status quo election. the president had a great re-election and the republicans held the house and democrats the senate. they have to sit down and do negotiate. it's not boehner versus geithner. it's can the house republicans buy a plan that they cancel to their members. and will the senate go along and if so will the president sign it. until you get in a room and discuss the elements you get people talking at each other with some absurdity. we are talking about $85 billion a year in added revenue over a ten-year period. we are spending over a trillion dollars in debt every year and not putting anything into it. the republicans have been down the road before where they have been promised three for one, and it never happens. i think they are beginning to realize until it's actually on the table and signed off on by all sides they aren't going to buy into it. >> senator, did the president in this offer with so little in spending cuts and tax reform, the debt limit, did he overplay his hand or is he being rea
this was a status quo election. the president had a great re-election and the republicans held the house and democrats the senate. they have to sit down and do negotiate. it's not boehner versus geithner. it's can the house republicans buy a plan that they cancel to their members. and will the senate go along and if so will the president sign it. until you get in a room and discuss the elements you get people talking at each other with some absurdity. we are talking about $85 billion a year in...
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and using the word revenge after the election. this is the left this, is how they thing. van jones quoted as saying talking about overthrowing the free market system in america and broadly in the west. he said, and i quote we're going to change the whole system. we need a new system. what do you think he means by that? >> let me show another cut from the same speech. >> the president puts forward help for veterans. the republican party votes against help for veterans. we don't care how much these kids suffer overseas. when they come home, let them suffer. we'll vote against them. let the bodies pile up on the beach. and you will face with the prospect of that kind of treachery. treason prevailing in america. >> treason and let the bodies pile up on the beach, all lies with this propaganda of the left continues. >> you have to give to it van jones because at least he's honest. and i would say normal americans who left their country. he's being honest. and most leftists won't be that honest. they think that way but won't be that honest. look. this is how the left thinks thc
and using the word revenge after the election. this is the left this, is how they thing. van jones quoted as saying talking about overthrowing the free market system in america and broadly in the west. he said, and i quote we're going to change the whole system. we need a new system. what do you think he means by that? >> let me show another cut from the same speech. >> the president puts forward help for veterans. the republican party votes against help for veterans. we don't care...
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sandy, the election, holiday workers. you say three asterisks. >> yeah, i think it has to have three asterisks, it doesn't fit in with initial claims and other items. they said sandy had no impact on the number. i think that may be because the number was basically taken before the impact was held. i think they're going to see a lot of revisions here. >> next week setting up. it's going to be another big one. same store sales from various companies and, of course, the fed. >> the fed is important. it's another one of those two-day meetings. they're going to take down operation twist. this will be important because he gets to announce at a press conference. that gives them a chance to explain what the mood of the meeting was. it will give them a chance to hear what the new proposal, qe whatever, is supposed to do and how they want to set it up. so i think the markets will hone in on that very, very carefully. >> do you think we see an acceleration of purchases, a revamp of twists? will there be an event as i said earlier? >
sandy, the election, holiday workers. you say three asterisks. >> yeah, i think it has to have three asterisks, it doesn't fit in with initial claims and other items. they said sandy had no impact on the number. i think that may be because the number was basically taken before the impact was held. i think they're going to see a lot of revisions here. >> next week setting up. it's going to be another big one. same store sales from various companies and, of course, the fed. >>...
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we thought it would be weak during an election year. there's a whole body of academic evidence that public policy certainly does impair it. but we were stunned as early as the first quarter of this year to see the tech sector, ibm, talking about flat revenue growth in the u.s., and there we think there's a level of cap-ex that has just been foregone because of this public policy uncertainty that, even in a semistable environment, it should rebound a bit. and that could be a big driver for profit growth in '14. >> you point out that your sector positioning, you say it's cautious, but you are upping technology to overweight. underweighting domestic cyclical. if cap-ex is a phenomenon next year why would you not be more highly leveraged to that? >> well, we think that first of all, the numbers, and the valuations, look fully played out. we think they still have housing market euphoria. and, have looked at things like consumer confidence going up, at least until friday, as a result of house prices stabilizing. for us, that's the reason why
we thought it would be weak during an election year. there's a whole body of academic evidence that public policy certainly does impair it. but we were stunned as early as the first quarter of this year to see the tech sector, ibm, talking about flat revenue growth in the u.s., and there we think there's a level of cap-ex that has just been foregone because of this public policy uncertainty that, even in a semistable environment, it should rebound a bit. and that could be a big driver for...
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obama won the election because obama promised american voters gifts and free things. he got a lost flak from democrats and republicans. look, this is exactly what mitt romney was talking about. here is someone saying, wait, i voted for you, obama, now give me the free stuff. this is exactly what mitt romney was talking about. >>eric: president obama ran the last campaign on things are getting better. give me for more years we are almost there. a very good indication of things are really getting better in the economy is food stamp use. food stamps are up to a record level. november showed 46 million people on food stamps. if things are getting better, how does that keep going up? >>guest: exactly. if you remember back during the campaign, obama was going around bragging saying, i saved detroit with the bailout. really? you saved detroit? is that why detroit is coming begging right now for money? it is insane. he is completely out of touch and he doesn't realize what this economy is like right now for every day folks. >>eric: thank you, michelle. >> there is supposed to
obama won the election because obama promised american voters gifts and free things. he got a lost flak from democrats and republicans. look, this is exactly what mitt romney was talking about. here is someone saying, wait, i voted for you, obama, now give me the free stuff. this is exactly what mitt romney was talking about. >>eric: president obama ran the last campaign on things are getting better. give me for more years we are almost there. a very good indication of things are really...
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they spent over 400 million dollars to get president obama re-elected. stuart: 400 million, that's a gigantic chunk of money. peter, always a pleasure, thanks very much for being with us, on a very important day. tomorrow will be a very important day because it is right to workday back in michigan. we appreciate you being with us. >> thank you very much. stuart: yes, sir. the white house sends out invitations to the inaugurations a lot of cash in return for access. does that sound just a tad hypocritical? we will deal with it next. streamline the proce? at fidelity, we it by merging two toolinto one, combining your customized charts with leading-edge analysis tools from recognia so you can quickly spot key trends and possible entry and ex points. we like this idea so much that we've applied for a patent. i'm colin beck of fidelity investments. our integrated techcal analysis one more innovative reason seous investors are choosing fidelity. now get 200 free trades when you open an account. >> coming up tonight at 7:00 eastern, the obama middle east policy
they spent over 400 million dollars to get president obama re-elected. stuart: 400 million, that's a gigantic chunk of money. peter, always a pleasure, thanks very much for being with us, on a very important day. tomorrow will be a very important day because it is right to workday back in michigan. we appreciate you being with us. >> thank you very much. stuart: yes, sir. the white house sends out invitations to the inaugurations a lot of cash in return for access. does that sound just a...
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and the results of the election. >> and so, i think it's a foregone conclusion that tax rates for the wealthiest of americans are going up and as a pra practical matter, i don't understand why the gop doesn't agree to that sooner rather than later and the onus on the white house to give something relative to spending cuts and entitlement reforms. i think people want compromise and a bigger deal than just taxes going up for those 2% and doesn't get us where we need to go. >> david, let's play what alan simpson had to say regarding the growth. that's the overall end game here. growing the economy and not let lawmakers and such to posture before us. let's play it. >> not a single economist who talked to us in our hearings said we can't grow our way out of this with double digit growth for 20 years. you can't cut spending your way out of this baby or you ruin a very fragile economy and an emerge, you know, nation and can't tax your way out of this baby. this is impossible. >> so it is a combination of things and what do you make of the fact that in the approach perhaps to find some place
and the results of the election. >> and so, i think it's a foregone conclusion that tax rates for the wealthiest of americans are going up and as a pra practical matter, i don't understand why the gop doesn't agree to that sooner rather than later and the onus on the white house to give something relative to spending cuts and entitlement reforms. i think people want compromise and a bigger deal than just taxes going up for those 2% and doesn't get us where we need to go. >> david,...
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we thought we'd have elections march/april, there's the prospect it could be a snap election much earlier perhaps in the new year. now the good news is there isn't a huge amount of blowout on the bonds at the short end of the italian markets. the yields are higher but not huge relative to where we've been but on the ten-year italian market you can see we're slightly higher but no great shakes overall. it means the rally in the peripheral bond market we've witnessed in italy and spain has now stalled at this stage. remember we had the auction in spain yesterday and the yields are slightly higher relative to where we've been, they're still relatively depressed. we talk about the problems in europe, i thought it was worth pointing out amidst all the malaise what is happening in germany today an astounding manufacturing german manufacturing orders result from germany up 3.9% in october, a phenomenal performance from german industry and it's worth bearing in mind that german industry is basically in a single currency that is too low arguably for what it should be at. the deutsche mark would ha
we thought we'd have elections march/april, there's the prospect it could be a snap election much earlier perhaps in the new year. now the good news is there isn't a huge amount of blowout on the bonds at the short end of the italian markets. the yields are higher but not huge relative to where we've been but on the ten-year italian market you can see we're slightly higher but no great shakes overall. it means the rally in the peripheral bond market we've witnessed in italy and spain has now...
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>> you would have to elect romney to do that. you're not going to extend the bush tax cuts for the high end. >> for another minute. >> not even for a milliseconmil. >> the republicans want to bargain away and let taxes go up by the end of the year and have the big negotiations occur next year when the president will want even more increases in taxes. >> let me ask a different question and it's sort of the -- >> and then we got to go. >> here's the opportunity for the president to eclipse the whole thing, i don't think he's going to but he could eclipse the whole scene. let's not relitigate '01 and '03 let's bridge to tax reform and move forward. the senate democrats not answering their phones are the ones to ask about this one. >> congressman, thank you for being on. >>> the final countdown to the jobs report. stick around. ♪ ♪ mom? dad? guys? [ engine turns over ] [ engine revs ] ♪ he'll be fine. [ male announcer ] more people are leaving bmw, mercedes and lexus for audi than ever before. take advantage of exceptional valu
>> you would have to elect romney to do that. you're not going to extend the bush tax cuts for the high end. >> for another minute. >> not even for a milliseconmil. >> the republicans want to bargain away and let taxes go up by the end of the year and have the big negotiations occur next year when the president will want even more increases in taxes. >> let me ask a different question and it's sort of the -- >> and then we got to go. >> here's the...
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he supported obama totally in the election. without clinton i don't think that obama would have been reelect and that's what he did for him. and what clinton could do in the future, i don't know. i don't know why obama is so insistent on higher tax rates except it fits his rhetoric. stuart: at the end of the day, i think that the republicans will actually submit on the issue of higher tax rates. it may be just tax rates higher for those making half a million a year, i think they'll retreat a little bit. >> i think, too, what i'd like to see the republicans do, i'd like to see them pass a bill extending tax cuts below $250,000 and everyone agrees those should be put through and then put through another bill that extends the tax cuts on those $250,000 and above and let the democrats take ownership because you know, they're going to be held responsible for the economic performance of 2013 and come 2014, you can actually get a political change that might make a difference. stuart: we'll wait and see on that one. art laffer, always
he supported obama totally in the election. without clinton i don't think that obama would have been reelect and that's what he did for him. and what clinton could do in the future, i don't know. i don't know why obama is so insistent on higher tax rates except it fits his rhetoric. stuart: at the end of the day, i think that the republicans will actually submit on the issue of higher tax rates. it may be just tax rates higher for those making half a million a year, i think they'll retreat a...
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it is a massive totalitarian state, grabbing power, and it gives its parliament elections but in power, and it does not like disagreement and it is against opposition, and, in fact, there are move moves afoot to stay any speaking against the european is a legal on fence and it is founded upon deceit and corruption. why did the european union need 2,000 secret bank accounts if it wasn't bribing politicians all over the place? grabbing totalitarian similar to the soviet union but the neighbors now are frighten and norway has given it a totally undeserved peace prize which is staggering. >>neil: staggering to me as well, the former u.k. parliament member. he calls it like he sees them. and now some american folly pointing fingers this washington over a deal that is not happening and angry republicans have had it with their own leader and are more than just rumbleing. >>neil: and now, they fear they did not get that much done at the meeting, and we are working on getting president obama and speaker boehner to sit down and hash it out. and now time for a friendly super hero to get moving. >
it is a massive totalitarian state, grabbing power, and it gives its parliament elections but in power, and it does not like disagreement and it is against opposition, and, in fact, there are move moves afoot to stay any speaking against the european is a legal on fence and it is founded upon deceit and corruption. why did the european union need 2,000 secret bank accounts if it wasn't bribing politicians all over the place? grabbing totalitarian similar to the soviet union but the neighbors...
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i think we still need to get through the election or the post election haze. i would say that -- to everybody, listen, we're no longer running for office here. this is about getting back down to brass tacks and figuring out how to solve it. >> which side is not campaigning anymore? >> you've got to listen to who's not talking. i think that's -- in washington, it's always who's not talking. >> we haven't really heard much from senate leadership. >> so that's where our deal gets carved out? >> well, when you start to hear some things from the senate leadership, then you'll know we're getting close to getting something done. and right now they're sending out minions and talking about things that i think are really, you know, staking out claims so they can say they've done that for their constituencies. but it's time right now for the moderates on both sides to step up. for those that are not necessarily at risk of losing elections in the near term to step up and say, listen, just like the leaders said earlier in the program. this is a math problem. it's really no
i think we still need to get through the election or the post election haze. i would say that -- to everybody, listen, we're no longer running for office here. this is about getting back down to brass tacks and figuring out how to solve it. >> which side is not campaigning anymore? >> you've got to listen to who's not talking. i think that's -- in washington, it's always who's not talking. >> we haven't really heard much from senate leadership. >> so that's where our...
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is this another impact of the election? another consequence of the election? >> yeah, i'd love to know what his republican colleagues are saying behind closed doors. from my perch, you know, this is a guy who played a significant role in costing the gop about a half-dozen seats that they otherwise would have won. look at what happened in i understand. look at what happened in delaware where the mindset of senator demint seems to be one of, let's win the battle, even if we're going to lose the war. they've lost about a half-dozen wars because they put forth names that could win a primary but could never win a general election. my hunch, tamron, is politically some of the republicans are not all that sad to see him go. >> real quick to your point about the win/lose. he supported 20 candidates, 15 won primaries, 7 won general elections. in his reaction mitch mcconnell said that demint helped galvanize the american people against a big government agenda. that's at least what senator mcconnell sees there. >> yeah, right. the fact is his record was not good, and loo
is this another impact of the election? another consequence of the election? >> yeah, i'd love to know what his republican colleagues are saying behind closed doors. from my perch, you know, this is a guy who played a significant role in costing the gop about a half-dozen seats that they otherwise would have won. look at what happened in i understand. look at what happened in delaware where the mindset of senator demint seems to be one of, let's win the battle, even if we're going to lose...
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i came out the day after the election to put revenues on the table. to take a step towards the president to try to resolve this. >> is there someone you could agree to tax rate increases and protect small businesses may be at the same time? >> there are a lot of things that are possible. the president insists on this position. insist on my way or the highway. next. connell: speaker of the house john boehner. dagen: i think ed henry says no progress and charges at the white house. connell: there is the optimism. it has been waning anyway on the stock market. the speaker talk to you about the phone call about the president needing to get more serious. we will talk more about that coming up. mark warner is supposed to join us from capitol hill later this hour. right now, back to the morning jobs report. 146,000 jobs added in november. the unemployment rate fell to 7.7%. both were better than expected. the thing we will focus on is the big story behind all of this. maybe the fact that a generation of americans are being impacted by the lack of a full-time
i came out the day after the election to put revenues on the table. to take a step towards the president to try to resolve this. >> is there someone you could agree to tax rate increases and protect small businesses may be at the same time? >> there are a lot of things that are possible. the president insists on this position. insist on my way or the highway. next. connell: speaker of the house john boehner. dagen: i think ed henry says no progress and charges at the white house....
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Dec 4, 2012
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ever since obama won the election, we are now in deal mode. i have to tell you, we're going to have a stellar year. it's going to be at a price. the price is going to be -- january is probably going to be much worse than predicted. february, march, et cetera. we're borrowing for the future, yet again. >> that's a really good point. is this just a short-term thing? next year in 2013, once we see cap gains taxes go much higher, which they probably will, do things slow down again? >> oh, yeah. i think it will slow down again. i think people will hunker down, particularly are the whole fiscal cliff story hanging. even if it goes over, which i predict it will -- >> so do i. >> diana, what are you seeing? >> in the high ends where dolly works, of course it's going to have a big effect. let's keep this in perspective when we look at the housing recovery. homes price ed over $1 million were just 1.7% of sales in october. this is a minuscule amount when you look at the overall housing market and the recovery. that's why we're not seeing prices come dow
ever since obama won the election, we are now in deal mode. i have to tell you, we're going to have a stellar year. it's going to be at a price. the price is going to be -- january is probably going to be much worse than predicted. february, march, et cetera. we're borrowing for the future, yet again. >> that's a really good point. is this just a short-term thing? next year in 2013, once we see cap gains taxes go much higher, which they probably will, do things slow down again? >>...
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we just had an election. raising taxes on the wealthy, as he calls people who make over $200,000 a year. he won the election. they have a mandate. >> the republicans have a lot of leverage. the president wants to have a successful second term. if he allows us to fall off the fiscal cliff that we could fall into a very deep recession. >> if he allows us to fall over the fiscal cliff, and i think they are making that point. >> i believe grover norquist. they should get the media cameras in their. stuart: let's get more on this. we have a special guest joining us. he should have been on varney & company many times. >> i hope this is the first of many appearances. great to be with you this morning. i am kind of in a foul mood this morning. i am going to say something. the three of you are going -- if the republicans just gave the president what he wants on these taxes, low, in the end, the taxes are going up. we still have a trillion dollar deficit. this does not solve anything. at best, even if they raise the mo
we just had an election. raising taxes on the wealthy, as he calls people who make over $200,000 a year. he won the election. they have a mandate. >> the republicans have a lot of leverage. the president wants to have a successful second term. if he allows us to fall off the fiscal cliff that we could fall into a very deep recession. >> if he allows us to fall over the fiscal cliff, and i think they are making that point. >> i believe grover norquist. they should get the media...
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we need our leaders, and the president was elected by the people. he needs to sit down now and the leader along with our leader, the speaker, and talk seriously about these plans. gerri: small business, big business. the governor's. who is left for the president to talk to? >> well, we also found that the president was out at various businesses encouraging the electric ted send it to it's about what he wants. and that is not the way that you get a negotiation going, by talking about this and the public as he has. he needs to sit down with the leaders of the house and the senate and he needs to be the leader on this. we are not seeing it here, and it's very, very discouraging. gerri: o what you to respond to what nancy pelosi had to say about hostage-taking today. pretty dramatic comments. this is nancy pelosi. >> the republicans are saying that rather than passing that they want to hold it hostage, giving an additional tax cut to people making over $250,000 a year. that is not negotiating. that is hostage-taking. gerri: how would you respond to that
we need our leaders, and the president was elected by the people. he needs to sit down now and the leader along with our leader, the speaker, and talk seriously about these plans. gerri: small business, big business. the governor's. who is left for the president to talk to? >> well, we also found that the president was out at various businesses encouraging the electric ted send it to it's about what he wants. and that is not the way that you get a negotiation going, by talking about this...
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this is the same media that got president obama elected and the same media that's now going to brow beat any business that goes against the agenda and i'm telling you right now, clarence otis, an obama backer, listen it's going to hurt us, we don't know to what degree, but the negative media darden, because we have to accommodate health care it's going to impact our bottom line. stuart: charles payne yesterday. this morning, darden has backed off, they have reversed course. they're not going to employ a lot more part-time people because of obamacare. they have backed off. liz mcdonald, did they back off because of media and public pressure? >> yes, for the most part, yes. the problem is that the media coverages, they're not reporting that darden and other restaurants like it can no longer offer the health insurance plans they were offering. they've got a lot of of turnover and half the work force quit because health reform outlaws the so-called mini-med plan. and the other issue, too, now we've got an environment where ceo's cannot speak up about the impact of health reform and bottom li
this is the same media that got president obama elected and the same media that's now going to brow beat any business that goes against the agenda and i'm telling you right now, clarence otis, an obama backer, listen it's going to hurt us, we don't know to what degree, but the negative media darden, because we have to accommodate health care it's going to impact our bottom line. stuart: charles payne yesterday. this morning, darden has backed off, they have reversed course. they're not going to...
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george bush lost an election in '92. he raised taxes on the democrats promised him $2 in spending cuts for every dollar in new taxes. george bush is still waiting for those $2 in spending cuts. now the president is saying to live in give you two and a half to one. it's time the democrats and the president stepped up and cut spending. gerri: to that point. i want you to respond to what the white house had to say in response to the republicans offer and then go to michael's point about what you will actually get later. here is what dan pfeiffer said. it promises to lower rates for the wealthy and stick the middle-claas with the bill. we could do it pinocchio test. is that true or false? >> completely false. they want to keep all the race the same. now lower than for anybody. and maintaining the status quo on rates. the deductions are actually targeted for upper-income people. the democrats, the white house, some left wing groups that on behalf of the white house imagined how they would design the republican plan and then t
george bush lost an election in '92. he raised taxes on the democrats promised him $2 in spending cuts for every dollar in new taxes. george bush is still waiting for those $2 in spending cuts. now the president is saying to live in give you two and a half to one. it's time the democrats and the president stepped up and cut spending. gerri: to that point. i want you to respond to what the white house had to say in response to the republicans offer and then go to michael's point about what you...
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Dec 7, 2012
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end the election stuff with these. mitt romney since the election. and they're all -- >> shopping? >> him add mcdonald's. >> okay. >> you like this here? that's him in the store, the supermarket. cvs. gets some supplies. that's him in the kitchen. that's him gassing up at the station. i mean, kind of -- sad, lonely figure. >> kicking back. enjoying himself. >> good the see him back in normal life? good for any politician? >> i would imagine that the period, the grieving period and the acceptance period for when it doesn't go your way, especially when there was every inclination it would go his way and remember what a long torturous, tedious primary period. about 175 republican debates before the general election. he was wiped out before the finals. >> what i find disgusting is i like mitt romney. and his wife and kids. they're nice people. and the way they've all been chucked under the bus by the other republicans, one by one, racing to distance themselves, i don't like that. it's just disloyal to me. >> i think that romney was someone who -- i mean, listen. i'm glad the way everyt
end the election stuff with these. mitt romney since the election. and they're all -- >> shopping? >> him add mcdonald's. >> okay. >> you like this here? that's him in the store, the supermarket. cvs. gets some supplies. that's him in the kitchen. that's him gassing up at the station. i mean, kind of -- sad, lonely figure. >> kicking back. enjoying himself. >> good the see him back in normal life? good for any politician? >> i would imagine that the...
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what did you make of the election battle. it was pretty bruising and pretty nasty. they don't seem to have learned very much on either side how to get stuff done for america. >> there's countless people who have said the gop's casting department has to be fired an restaffed because this was a race that was theirs for the taking. they really, really could have brought him down. i think the vice presidential choice was critical. i think if you had romney who was plenty conservative for most people i know, maybe not for people in red state, christian conservatives. needed to put a woman on the ticket. >> i was amazed he didn't go from the over demographics. he had marco rubio on condoleezza rice if they had done it. >> if he had gone for meg wh whitman. he might have won. if he took a serious woman as opposed to palin in 2008. >> on obama, he fought a campaign that was pretty skillful on the ground where it mattered in the swing states. probably why he won. by any kind of criminal just you say he didn't live up to the promise he gave four years ago. what do you want hi
what did you make of the election battle. it was pretty bruising and pretty nasty. they don't seem to have learned very much on either side how to get stuff done for america. >> there's countless people who have said the gop's casting department has to be fired an restaffed because this was a race that was theirs for the taking. they really, really could have brought him down. i think the vice presidential choice was critical. i think if you had romney who was plenty conservative for most...
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Dec 10, 2012
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i listen to speaker boehner say the day after the election, revenue is on the table. the american people want to compromise and make washington work. he said it again and put out a specific offer. all we have heard from the president is hard-line was no negotiation on the tax side and not one word about the entitlement reforms that wou have to match that for this plan to make any sense. and it is that absence of lead on the spending side and unwillingness to make compromises that will actually get deals done and have washington auction again that i think our marks against this lame-duck session. lou: you have projected, the action form has projected 10 million prospect of possibly 10 million people losing jobs, 10 percent unemployment. a 4% reduction in gdp if we go over that cliff. correct? >> that is absolutely right. i mean, this is a big tax increase. it's a big spending cut. more importantly, ifou look at the debt ceiling debate, we saw a sharp drop in consumer confidence and we saw that today in the december number. a sharp drop in consumer confidence, and you a
i listen to speaker boehner say the day after the election, revenue is on the table. the american people want to compromise and make washington work. he said it again and put out a specific offer. all we have heard from the president is hard-line was no negotiation on the tax side and not one word about the entitlement reforms that wou have to match that for this plan to make any sense. and it is that absence of lead on the spending side and unwillingness to make compromises that will actually...
SFGTV2: San Francisco Government Television
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Dec 7, 2012
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we know how busy you with the election just a few days away so a round of applause for all of our vip and special guests. and now at this time we would also like to thank the city and county of san francisco and our community partners. we must acknowledge them. can't do it without them. bank of america, dignity health, miller coors, diamond foods, virgin america, pg&e, and sales force to help to make this civic celebration possible. we thank you. and of course we must recognize the giants broadcast partner sports bay area that brings sports to our giants fans all season long and made it possible for this to be watched all over northern california. all right. are you ready now? we can really get it started. [cheers and applause] . i said are you ready? [cheers and applause] it is my pleasure now to introduce two members of the best broadcast team in baseball. please welcome dave fleming and john miller. >> now, all along the parade route this song that echoed through the ballpark and my broadcast partner on the radio dave fleming somehow has involuntary reaction to it. a lot of people
we know how busy you with the election just a few days away so a round of applause for all of our vip and special guests. and now at this time we would also like to thank the city and county of san francisco and our community partners. we must acknowledge them. can't do it without them. bank of america, dignity health, miller coors, diamond foods, virgin america, pg&e, and sales force to help to make this civic celebration possible. we thank you. and of course we must recognize the giants...
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Dec 5, 2012
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the anticipation is they want to get re-elected. they understand the republicans now have detectors. again, the market is saying we with believe in you. don't screw this up. >> all right. you have to get ready for the next hour. >> huge show coming up. timothy geithner at the top of the hour. we're going to find out what's changed since the sunday shows he was doing interviews on. anton, ben, see you soon. i'll see you at the top of the hour. >> capital gains rates are probably going to go up. does that hurt the market as well? >> we've seen a lot of companies sell themselves. it's been a problem in the banking industry because loans have been paid off. they want to grow loans. people are taking control and repaying their loans. i think it's already been anticipated. >> you've had a hot hand trading this market lately. what are you doing, especially bearing in mind we have a jobs number on friday. >> i'm a little concerned on the adp numbers. this is generally the weakest of the year. that's probably baked in a little bit. i think w
the anticipation is they want to get re-elected. they understand the republicans now have detectors. again, the market is saying we with believe in you. don't screw this up. >> all right. you have to get ready for the next hour. >> huge show coming up. timothy geithner at the top of the hour. we're going to find out what's changed since the sunday shows he was doing interviews on. anton, ben, see you soon. i'll see you at the top of the hour. >> capital gains rates are...
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Dec 9, 2012
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the election just matters in profound ways, look at salt lake city, the mormon church after the election said, well, maybe we're going to change our position on home sexuality is a choice you're not born that way. it reverberates all of the way through society. i can't believe that they took this up. the fact that they took it up, it believes they're going to uphold some of these. >> mary, not just the election, the trend has been pretty clear over the last dozen years. i want to show this pew poll back in 2001, 57% of the country opposed gay marriage, only 35% were for. this year the lines have crossed. 48% approaching. going above 50%. support gay marriage in the country. >> well, because americans have common sense. important constitutional, ideology call questions. people living in the real world, the greatest threat are the hetero sexuals who don't get married and create babies. that's more problematic for our culture than home sexuals getting married. in real life, looking down 30 years from now, real people understand the consequences of so many babies being born out of wedlo wedl
the election just matters in profound ways, look at salt lake city, the mormon church after the election said, well, maybe we're going to change our position on home sexuality is a choice you're not born that way. it reverberates all of the way through society. i can't believe that they took this up. the fact that they took it up, it believes they're going to uphold some of these. >> mary, not just the election, the trend has been pretty clear over the last dozen years. i want to show...
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isn't that what we elected you to do? >> is this not a bailout mentality, which we have in america today? after all, we always go back to the wall street bailout. bailing out the rich guys, why can't you bail us out now? we are in dire straits. megyn: that is a compelling argument. but the wall street fat cats that took huge risks that they knew they couldn't sustain -- they got the bailout. >> that bailout was paid back with the proper to the central government. megyn: maybe detroit says they will pay it back. but this is part of the moral hazard. the hazard of the bank bailout. it was not just that rewarded with a risky behavior. but they would take it again. but it sends a message across the board, which is the feds ought to be there to support you if things go wrong. i don't know detroit, whether it is due to bad decision-making. maybe it is just that people move and migrate and so on. is it someone else's responsibility or the responsibility of folks are their? >> the responsibility of folks out of there. this is a b
isn't that what we elected you to do? >> is this not a bailout mentality, which we have in america today? after all, we always go back to the wall street bailout. bailing out the rich guys, why can't you bail us out now? we are in dire straits. megyn: that is a compelling argument. but the wall street fat cats that took huge risks that they knew they couldn't sustain -- they got the bailout. >> that bailout was paid back with the proper to the central government. megyn: maybe...
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house chief of staff on how to stay off the fiscal cliff and what the party should learn from the last election. >>> next, when the u.s. aimed high in the 1960s, we sent a man to the moon w the same effort, we can now cure cancer, that's what the head of the largest cancer center in the word, m.d. anderson says. >>> and america has lost it's number one standing in lotts of areas, from competitiveness to education, the new number one in most cases a scandinavian country, what is the credit sauce? we'll dig into it. but first here's my take. as we debate whether the two parties can ever come together and get things done, here is something president obama could do probably by himself that would be a single accomplishment of his presidency, end the war on terror. for the first time since 9/11, an administration official has raised this prospect. said in a speech to the oxford union last week, that as the battle against al qaeda continues, there will be come a tipping point as so many of the leaders and operatives of al qaeda have killed or captures such as al qaeda as we know it has been effectivel
house chief of staff on how to stay off the fiscal cliff and what the party should learn from the last election. >>> next, when the u.s. aimed high in the 1960s, we sent a man to the moon w the same effort, we can now cure cancer, that's what the head of the largest cancer center in the word, m.d. anderson says. >>> and america has lost it's number one standing in lotts of areas, from competitiveness to education, the new number one in most cases a scandinavian country, what...
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dan says, thii tax bite is why we should hold elections on april 15th. that is a great idea. it all comes together. i love hearing from you. send me an e-mail. gerri@foxbusiness.com. finally tonight, just when you thought of retiring massachusetts congressman -- congressman barney frank was stepping out of the limelight, no way. the boston globe reporting the 72-year-old democratic congressman who is set to retire in january hired th big shot hollywood agency william morris to represent him in the next phase of his career. william morris is run by r.e.m. manuel, the brother of chicago mayor and the inspiration for the character ari goldman the
dan says, thii tax bite is why we should hold elections on april 15th. that is a great idea. it all comes together. i love hearing from you. send me an e-mail. gerri@foxbusiness.com. finally tonight, just when you thought of retiring massachusetts congressman -- congressman barney frank was stepping out of the limelight, no way. the boston globe reporting the 72-year-old democratic congressman who is set to retire in january hired th big shot hollywood agency william morris to represent him in...
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Dec 5, 2012
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in safe seats so the crucial election is not the general election, it's the primary election, and as we know in primaries, there's low participation which gives a hugely disproportionate power to the rigid extremes on both sides. that makes it very difficult. second is the overwhelming amount of money, of all of the judicial mistakes that have been made in history by supreme courts, few in my judgment will history record as being more unwise and wrong than the supreme court decision in the citizens united case, which took a situation already reeking with too much money and just poured tons of it, more into it. so for members now, it's just a mad money chase all the time, which i think is demeaning to everybody and very, very unfortunate. so it's a combination of factors. many others, but those are some of them. >> so look, you've helped negotiate peace in northern ireland. you worked on peace in the middle east. how does the problem here get fixed? >> well, i think in the end, in democracies it's fixed only by the people. the word democracy is a combination of two greek words, demos,
in safe seats so the crucial election is not the general election, it's the primary election, and as we know in primaries, there's low participation which gives a hugely disproportionate power to the rigid extremes on both sides. that makes it very difficult. second is the overwhelming amount of money, of all of the judicial mistakes that have been made in history by supreme courts, few in my judgment will history record as being more unwise and wrong than the supreme court decision in the...
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Dec 6, 2012
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. >>> it's all we've heard about since the election. >> fiscal cliff. >> fiscal cliff. >> fiscal cliff. >> fiscal cliff. >> but why doesn't the market care? let's find out right now. >>> live from the nasdaq market site in new york city's time square, i'm melissa lee. here are tonight's top three trades. solving the apple mystery. want to know what's behind apple's troubles this week? we here at "fast" have gotten to the bottom of the selloff. we'll tell you what it means. plus, freeport fizzles. the fine print on why the company's two big buys are raising big red flags. >>> and nat gas revolution, the government says exporting nat gas could be a game changer for america's economy, but at what cost? we'll take a deeper dive to find some answers. but first, our top story tonight. >>> everyone cares about the fiscal cliff, except, seemingly, the markets. just 25 days until the year end deadline and still no deal out of washington. still stocks quietly climb higher. the dow closing today at a one-month high. what gives? just an assumption that a deal -- >> it almost gets back to that you
. >>> it's all we've heard about since the election. >> fiscal cliff. >> fiscal cliff. >> fiscal cliff. >> fiscal cliff. >> but why doesn't the market care? let's find out right now. >>> live from the nasdaq market site in new york city's time square, i'm melissa lee. here are tonight's top three trades. solving the apple mystery. want to know what's behind apple's troubles this week? we here at "fast" have gotten to the bottom of the...
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Dec 10, 2012
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connell: they have elections next year. not that we are counting on the most honest elections or anything like that. the economy is struggling, you would think the leadership would change. >> eastern europe used to be a communist bloc satellites of the soviet empire. the collapse of the soviet economy back in the early 80s brought us the whole revival of the wall coming down. those kinds of things can still happen in iran. they have to have the same kind of support that ronald reagan gave to the polish and eastern europeans back when it was not a popular thing to do. dagen: do you believe that the current obama administration is willing to provide that kind of support? >> no. that is why i wrote this book. it is about what happens if you do not do the right kind of things to support democracy. quite frankly, we are not doing enough with the right kind of things. dagen: it is a novel? >> it is a novel. this is about and administration that does not do the right things just as we are not doing the right things now. oliver nor
connell: they have elections next year. not that we are counting on the most honest elections or anything like that. the economy is struggling, you would think the leadership would change. >> eastern europe used to be a communist bloc satellites of the soviet empire. the collapse of the soviet economy back in the early 80s brought us the whole revival of the wall coming down. those kinds of things can still happen in iran. they have to have the same kind of support that ronald reagan gave...
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Dec 3, 2012
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this is a status quo election. the president had a great re-election. house republicans own the house and democrats the senate and they have to sit down and do negotiating and it isn't boehner versus geithner, it is basically can the house republicans buy a plan that basically they can sell to 218 members. and can the senate go along with that and if so will the president sign it and until they sit in a room and discuss all of those elements of it at this point in time you get people talking at each other with a lot of absurdity and the most absurd part, talking about $85 billion a year, in added revenue over a ten-year period. and we are spending over a trillion dollars in debt over year, and not even putting anything into it and republicans have been down the road before and they were promised 3-for-1, for every dollar in taxes, three cuts, it never happens and they are realizing, it is actually on the table, signed off on by all sides, they will not buy into it. >> chris: senator, did the president in the offer with so little in spending cuts and tax
this is a status quo election. the president had a great re-election. house republicans own the house and democrats the senate and they have to sit down and do negotiating and it isn't boehner versus geithner, it is basically can the house republicans buy a plan that basically they can sell to 218 members. and can the senate go along with that and if so will the president sign it and until they sit in a room and discuss all of those elements of it at this point in time you get people talking at...
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and before the election, unformer. two admistrations that d that. everyone wants a bailout and the president's going to get your votes one way or the other. question is coming up more broadly, right now new jersey and an other of states getting a huge one bause it was a cast catastrophe. >> and if it's beyond your control and-- >> the case is we ved for you, we get bailout. >> and on the other side, detroit is in a mui-decade collapse that is beyond the scope, it's almt like a hurricane. and i'm not saying it's totally iane for nem to get a disproportionate amount-- >> gary b, you live in maryland, should you and maryland be paying for what detroit or michigan is deciding to do with unions and pensions and how they got themselves in this mess in t first ace? >> exactly, brenda. i kind of agree with jonas. i'm not sure i'd be so quick bail out cities with national catastrophes. they decided to live there and build there. but jonas it right, a lot of tiesike detroit are heavily unionized. they invested heavily in these gold-plated cadillac-like govern
and before the election, unformer. two admistrations that d that. everyone wants a bailout and the president's going to get your votes one way or the other. question is coming up more broadly, right now new jersey and an other of states getting a huge one bause it was a cast catastrophe. >> and if it's beyond your control and-- >> the case is we ved for you, we get bailout. >> and on the other side, detroit is in a mui-decade collapse that is beyond the scope, it's almt like a...
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. >> we all know it was a very hotly contested presidential election, and of course your dad, donald, has been on our program a lot. he was a big supporter of romney. there were stories going around that you said, dad, pull it back a bit. you don't have to be so negative on the president. is that what happened? >> it was fascinating because this was a widely circulated report that was without fact at all, and not one reporter actually called and asked the question you just did, which is, is that true? no, it wasn't. my father has been a very important part of the dialogue. he's been saying a lot of things that other people, you know, not wanting to be in a space where they're talking about politics, they don't see it as advantageous. they're not really speaking their minds. it would not be my place to tell him to tone anything down. >> are you worried about the fiscal cliff? how is business going? you're an entrepreneur in your own right. i want to talk to you about business, but how you preparing for the cliff? >> well, there's no way one can be preparing. you have to be think about
. >> we all know it was a very hotly contested presidential election, and of course your dad, donald, has been on our program a lot. he was a big supporter of romney. there were stories going around that you said, dad, pull it back a bit. you don't have to be so negative on the president. is that what happened? >> it was fascinating because this was a widely circulated report that was without fact at all, and not one reporter actually called and asked the question you just did,...